EPFO Reiterates Benefit of Additional Weightage of 2 Year’s Service to the EPS Members

EPFO Reiterates “Benefit of Additional Weightage of 2 Year’s Service” to the EPS Members with 20 or more years of Pensionable service under Para 10(2) of Scheme

EPFO has clarified/ reiterated that where the date of leaving service is before 24 Jul. 2009, the EPS Member, having 20 or more years of Pensionable service under Para 10(2) of Scheme, will get benefit of additional weightage of 2 year’s service if the member had opted for pension before attaining 58 years of age, as under:

EPFO Reiterates Benefit of 2 Years Weightage to EPS Members: Circular dt. 8 May 2017

Attention is drawn to Head Office letter No. Pension-I/3(4)16/7915 dated 25.07.2016 and letter No. Pension-I/3(4)16/2/ 15850 dated 20.05.2016 on the above cited subject. Still various communications are being received by the Head Office from pensioners relating to the grant of benefit of two years weightage. Hence, in continuation of the aforesaid letters, it is clarified as under:

Para 10(2) of EPS, 95 was amended vide G.S.R. 546 (E) dated 23.06.2009 (w.e.f.24.07.2009). After amendment the Para 10 (2) reads as under:

In the case of the member who superannuates on attaining the age of 58 years, and who has rendered 20 years pensionable service or more, his pensionable service shall be increased by adding a weightage of 2 years.

Prior to amendment para 10(2) stood as under

In the case of the member who superannuates on attaining the age of 58 years, and/or who has rendered 20 years pensionable service or more, his pensionable service shall be increased by adding a weightage of 2 years.

After amendment that is w.e.f. 24.07.2009 a member is eligible for benefit of 2 year weightage of service provided:

i. He superannuates on attaining the age of 58 years and

ii. He has rendered 20 years pensionable service or more.

Prior to the amendment that is upto 23.07.2009 a member is eligible for benefit of 2 years weightage of service in the following three conditions:

i. Member superannuates on attaining the age of 58 years and has rendered 20 years pensionable service or more.

ii. Member superannuates on attaining the age of 58 years.

iii. Member has rendered 20 years pensionable service or more.

Thus, where the date of leaving service is before 24.07.2009 benefit of 2 years weightage of service will be given even if a member had opted for pension before attaining 58 years of age, as informed above.

Leave a Reply